POTENTIAL COMPLETION OF XABCD PATTERN ON AUD/JPY, WITH THE COMPLETION LEG FINISHING ON THE 0.382 RETRACE OF LONG TERM SWING HIGH/SWING LOW. A BEARISH REVERSAL CANDLE ON 30M TIME FRAME MAY ADD TO FURTHER CONFIRMATION OF SHORT TERM SELLING, WITH THE 91.30 HANDLE ACTING AS STRONG STRUCTURE RESISTANCE. DAILY SUPPORT ACTS AS A NICE POTENTIAL PROFIT TAKING AREA, SHORT...
EDIT : THE MENTIONED PIN BAR IS YESTERDAY'S PIN BAR D1. SORRY FOR THE CONFUSION THERE. price went below the pin bar triggering sells while market maker are loading their buys because of the resistance turned support simple analysis. this is the market trying to stop out new traders. which they did successfully. this bull may run out of steam at the 61.8% or...
After a NSH at 95.28 a possible BAT pattern appears. Ratio confluence turning the blue area into PRZ. T1 @ 0.382 and T2 @ 0.618. SL must be above X
ENTER THIS TRADE FOR GREAT RISK REWARD. PRICE REJECTED FROM 93.26 LAST WEEK FORMING A MINI D1 PIN BAR. IT IS MINI BUT ON THE LARGER SCALE IT WAS ALSO REJECTED FROM THE WEDGE PATTERN. TRADE THE WEDGE FROM THE TOP TO THE BOTTOM, OR AT LEAST TO THE 20SMA BEFORE UPTREND MAY CONTINUE. H4 RSI DIVERGENCE GOOD RISK REWARD RISK 30PIPS TO MAKE 90 PIPS QUICK IN QUICK...
We might have a bat pattern forming on AUDJPY. Remember that a bat pattern has: XB is a .382 or a .500 (unfortunately in this case we're over a .500...) AC is is a .382 or a .886 (we're just above at a .906 here...) BD is a 1.618 or 2.618 (we'll be just under at the 1.426s) XD is a .886 and If you zoom out of the chart and look left you'll see we have a little...
If you missed the first train southbound as I wrote some days ago, maybe you can get a second chance; price has been rejected exactly at 93.00 so we might see a further weakness in the coming days. Drilling on a lower time frame respect to my former analysis, we can see how the pair is consolidating in a lateral congestion and we can easily identify a resistance...
Top of Linear Regression. Falling from upper Bollinger Band. 100 day moving average flat. MACD shows tangent MA lines. CCI falling from overbought